Month: November 2021

A Social Media Unicorn Hiding in Plain Sight

In late 2020, Strava received unicorn status when it was valued at $1.65 billion. A year later, the company’s steady rise has mostly flown under the radar.

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Rams Owner Could Reportedly Split from NFL to Settle Lawsuit

NFL owners reportedly received an email from Rams owner Stan Kroenke’s reps threathening to settle the relocation case with St. Louis.

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Foot Locker Records $2.19B In Q3 Sales

Foot Locker reported $2.19 billion in third-quarter sales on Friday, sliding past analysts’ estimate of $2.14 billion.

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Entain Bids $1B for Betting Company with NBA Ties

Entain has bid over $1 billion for Olympic Entertainment Group, a company that owns NBA betting rights in several Baltic countries.

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IoT Could Have an Outsized Impact on Sports and Commerce

Mental fitness is the new meditation. The pandemic shone a light on the need for many companies to provide their employees and customers with more tools and services related to mental wellness.

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Alston Decision Caveat

The NCAA appears hell-bent on penalizing athletes for things the public — and perhaps even the law — doesn’t consider a crime.

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The Problems with NCAA Infractions

The NCAA Infractions Appeals Committee upheld the previous UMass decision — suggesting the process isn’t in the best interest of athletes themselves.

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Epic CEO: Metaverse Could Be ‘Multi-Trillion’ Industry

Epic Games CEO Tim Sweeney said that the multiverse could eventually grow to be a multi-trillion-dollar industry.

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New Jersey Breaks National Sports Betting Record, Again

New Jersey hit $1.3 billion in sports wagers handled in October, beating its own record of $1 billion handled in September.

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Brady, Antetokounmpo, Morgan Join $75M Alt Series B

Tom Brady, Giannis Antetokounmpo, and Alex Morgan were among those to join a $75 million funding round for Alt.

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